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XML Economics Beat EDI in B2B Transactions
Methods for handling B2B transactions are in flux as the cost advantages of using the Internet grow increasingly apparent. The alternatives receiving the most attention are the venerable EDI format and emerging XML-based solutions. The question of which solution is better for your organization depends heavily on your trading partnersâ preferences as well as the economic performance of each method.
Universal Business Language Proposes to Standardize E-Business (2Q03)
The ability of organizations to freely communicate with business partners and customers electronically is hampered by the lack of a lingua franca. Universal Business Language open standard focuses on resolving this problem. UBL forms are based on hard-earned experience garnered from the best efforts to use XML in e-commerce to date. The knowledge encapsulated in UBL should reduce the expense in applying the language to e-commerce solutions.
Benchmarks for Assessing Public B2B Exchanges (1Q03)
The potential benefits of public exchanges in terms of standardization and larger networks may draw many companies away from private exchanges. But the history of B2B exchanges is filled with disappointing failures and spectacular successes. Based on these experiences, guidelines of how to pick the winners are emerging. Applying these benchmarks can help managers make an informed decision regarding the viability of any of the exchanges.
B2B Online Usage by Manufacturing Companies (November 2002)
Only 10 percent of the manufacturing plants surveyed were making online payments to vendors in 2000. However about 30 percent plan to be conducting business in this manner by year-end 2002.
IT Spending and Management Patterns in Organizations With E-Commerce in Place (Oct 2002)
Businesses seeking to gain more control of their purchasing transactions are investigating B2B networks in the form of private exchanges.
Networked B2B Applications Point Toward the Future
A new direction in business-to-business e-commerce is emerging. Integration and collaboration are becoming the watchwords for new B2B ventures. The rationale for bringing suppliers, subcontractors, employees, and customers under a single Internet entity is clear. Returns expected from these collaborations is expected to be many times the investment and the return period will be measured in months, not years.